iShares MSCI Germany ETF (NYSEARCA:EWG) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) saw unusually-strong trading volume on Tuesday . Approximately 2,407,622 shares changed hands during trading, an increase of 113% from the previous session’s volume of 1,130,391 shares.The stock last traded at $39.11 and had previously closed at $39.03.

iShares MSCI Germany ETF Stock Down 0.7 %

The firm has a fifty day moving average of $35.65 and a 200-day moving average of $33.59. The firm has a market cap of $1.75 billion, a P/E ratio of 19.33 and a beta of 1.13.

Hedge Funds Weigh In On iShares MSCI Germany ETF

Institutional investors have recently bought and sold shares of the business. GTS Securities LLC grew its position in shares of iShares MSCI Germany ETF by 118.7% in the fourth quarter. GTS Securities LLC now owns 31,559 shares of the exchange traded fund’s stock valued at $1,004,000 after purchasing an additional 200,080 shares during the last quarter. Two Sigma Investments LP acquired a new stake in iShares MSCI Germany ETF during the fourth quarter worth approximately $347,000. Point72 Europe London LLP acquired a new stake in iShares MSCI Germany ETF during the fourth quarter worth approximately $5,842,000. Bank of America Corp DE grew its position in iShares MSCI Germany ETF by 21.5% during the fourth quarter. Bank of America Corp DE now owns 181,637 shares of the exchange traded fund’s stock worth $5,780,000 after buying an additional 32,188 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares MSCI Germany ETF by 132.3% during the fourth quarter. Ameriprise Financial Inc. now owns 732,785 shares of the exchange traded fund’s stock worth $23,317,000 after buying an additional 417,382 shares in the last quarter.

About iShares MSCI Germany ETF

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index (the Index).